13 October 2016
Sohar - Changbao Oman Oil Pipe Co, the first Chinese industrial project in Sohar Freezone, laid its foundation stone on October 10.

The ground-breaking ceremony was witnessed by more than 60 guests from PDO, Sohar Port and Freezone, Oman Arab Bank, project consultants and contractors, and Oil Country Tubular Goods (OCTG) distributors, a statement said on Wednesday.

In his welcome speech, Cao Jian, chairman of the parent company Changbao Group, said Changbao Oman Oil Pipe will be guided by his firm's corporate values, respond to the ICV policies put forward by the Oman government, and build it to be the best factory in the sultanate. 

Founded in 1958 and listed on China's Shenzhen stock market, Changbao leads the industry in supplying seamless steel tubes for oilfields and boiler companies.

The project is expected to be operational in mid-2017.

© Muscat Daily 2016